The Best Cheap Hotels in Panama City from ₩60,559 in 2026

A coastal cityscape with high-rise buildings, a marina, and a clear blue sky.

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Our top choices for Panama City cheap hotels

1. Crowne Plaza Panama Airport by IHG

Tocumen

Valeria

₩173,419

₩199,845 total

includes taxes & fees

Sep 27 - Sep 28

Penthouse (In the heart of the City) | Minibar, in-room safe, desk, laptop workspace

Penthouse (In the heart of the City) | City view

2. Hotel Riu Plaza Panama

Bella Vista

Lori

₩181,606

₩199,767 total

includes taxes & fees

Sep 28 - Sep 29

Standard Room, Garden View | Premium bedding, down comforters, in-room safe, blackout drapes

3. Riande Aeropuerto Hotel & Casino

Tocumen

Sheldon

₩149,004

₩163,904 total

includes taxes & fees

Aug 30 - Aug 31

Standard Room | Premium bedding, down comforters, pillowtop beds, in-room safe

4. Principe Hotel and Suites

Bella Vista

Lashell

₩81,383

₩89,517 total

includes taxes & fees

Sep 22 - Sep 23

Premium bedding, in-room safe, laptop workspace, blackout drapes

5. Waymore Hotel Spa & Casino

Bella Vista

Amrit

₩117,677

₩167,294 total

includes taxes & fees

Aug 30 - Aug 31

Premium bedding, down comforters, in-room safe, desk

6. Plaza Paitilla Inn Hotel

San Francisco

Edward

₩142,134

₩156,347 total

includes taxes & fees

Sep 28 - Sep 29

7. The Executive Hotel

Bella Vista

Gracia

₩122,080

₩134,288 total

includes taxes & fees

Sep 20 - Sep 21

8. Hotel Milan

Bella Vista

Gale

₩55,054

₩60,559 total

includes taxes & fees

Sep 3 - Sep 4

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Top Panama City Hotel Reviews

Decapolis Hotel Panama City

8/10 Good

"."

Hotel Riu Plaza Panama

10/10 Excellent

"The breakfast was excellent and the staff was great. All in all, the hotel is an A+"

Hotel El Panama by Faranda Grand, a member of Radisson Individuals

10/10 Excellent

"It was a family trip for 7 nights, the room was clean, the staff was very helpful, the breakfast was good, they were different dishes every morning, also this is very close to the train station and shopping area with many restaurants. I will recommend this hotel, I have stayed there 4 times."

Radisson Hotel Panama Canal

8/10 Good

"Overall, the experience was good, clean room, breakfast was a wide spread and taste. If you’re looking a a peaceful and quiet environment the Radissoon Hotel is your go to choice 👏"

Principe Hotel and Suites

10/10 Excellent

"This hotel was awesome all round 10 out of 10. Close or mins away from basically everything you would like, supermarket/restaurants/24 hours mini marts/bus station/Metro station etc. For the price this hotel was the best, quality service for your money. I just was would like a small refrigerator inside the room to put the cherry on top but trust me this hotel is the go!"

Renaissance Panama City Hotel

10/10 Excellent

"I was very satisfied"

Waldorf Astoria Panama

10/10 Excellent

"Dede el ingress estuvimos super bien recibidos hasta el check in y en lahabitacion super bien el de say unto muy recommendable y gran atencion"

Frequently asked questions

What is Panama City like for travelers on a budget?

Panama City offers a variety of cheap accommodations and things to do, making it a great getaway spot for budget travelers. In addition to its well-known attractions like Albrook Shopping Mall, this destination is home to Cinta Costera and Miraflores Locks, which you can enjoy while spending very little.

What's the best budget-friendly accommodation in Panama City?

Based on reviews, Hotel Riu Plaza Panama is a popular hotel for our travelers who want a more economical choice, and features free buffet breakfast and free WiFi. Other options for your budget-friendly stay include Riande Urban Hotel and Principe Hotel and Suites.

How many budget hotels can I expect to find in Panama City?

Choose a hotel that suits your wallet among Expedia's 36 budget hotels in Panama City.

When is the best time for a budget trip to Panama City?

Weather is probably a major factor when you plan your trip to Panama City, and keep in mind that cheaper options are usually available when the weather isn't as good. The hottest months are usually March and April with an average temp of 80°F, while the coldest months are January and February with an average of 79°F. The rainiest months in Panama City are July, August, June, and November, with each month seeing an average of 15 inches of rainfall.

What is there to see and do in Panama City?

Panama City attracts visitors with its major shopping area and fantastic dining options, and offers plenty to see and do without spending a fortune. You can budget for the top local attractions that interest you most, such as Albrook Shopping Mall, and then look for sights and activities that cost little or nothing at all. Explore and snap photos of landmarks like Iglesia del Carmen, or check out the area's cultural spots like Interoceanic Canal Museum and Biomuseo.

How can I get to Panama City and get around on a budget?

Scoping out the transportation options in Panama City can help keep you on budget. The most convenient airport is 2.5 mi (4 km) from the center in Panama City (PAC-Marcos A. Gelabert Intl.). However, if that doesn't suit your budget, you can look into flights to Balboa (BLB-Panama Pacifico Intl.), which is 6.3 mi (10.1 km) away. Take advantage of metro transit at Iglesia del Carmen Station, Vía Argentina Station, and Santo Tomás Station. If you want to explore the larger area, ride aboard one of the trains from Panama City Passenger Station.

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Check availability on Panama City Cheap Hotels

Our top choices for Panama City cheap hotels

1. Crowne Plaza Panama Airport by IHG

2. Hotel Riu Plaza Panama

3. Riande Aeropuerto Hotel & Casino

4. Principe Hotel and Suites

5. Waymore Hotel Spa & Casino

6. Plaza Paitilla Inn Hotel

7. The Executive Hotel

8. Hotel Milan

9. Ramada Plaza by Wyndham Panama Punta Pacifica

10. TRYP by Wyndham Panamá Centro

Top Panama City Hotel Reviews

Decapolis Hotel Panama City

Hotel Riu Plaza Panama

Hotel El Panama by Faranda Grand, a member of Radisson Individuals

Radisson Hotel Panama Canal

Principe Hotel and Suites

Renaissance Panama City Hotel

Waldorf Astoria Panama

Frequently asked questions

Explore a world of travel with Expedia

Find Cheap Hotels in Panama City

Change your mind

Treat yourself

Be picky

Check availability on Panama City Cheap Hotels

Our top choices for Panama City cheap hotels

1. Crowne Plaza Panama Airport by IHG

2. Hotel Riu Plaza Panama

3. Riande Aeropuerto Hotel & Casino

4. Principe Hotel and Suites

5. Waymore Hotel Spa & Casino

6. Plaza Paitilla Inn Hotel

7. The Executive Hotel

8. Hotel Milan

9. Ramada Plaza by Wyndham Panama Punta Pacifica

10. TRYP by Wyndham Panamá Centro

Top Panama City Hotel Reviews

Decapolis Hotel Panama City

Hotel Riu Plaza Panama

Hotel El Panama by Faranda Grand, a member of Radisson Individuals

Radisson Hotel Panama Canal

Principe Hotel and Suites

Renaissance Panama City Hotel

Waldorf Astoria Panama

Frequently asked questions

Explore a world of travel with Expedia